CHICAGO-Jos. Cacciatore & Co. Real Estate and Diliberto Real Estate Services Inc. are auctioning off a 5-acre parcel along the Chicago River, near Roosevelt Road and Wells Street. The property reportedly is a security on a loan by Cacciatore on the Ocean Reserve condo property in North Miami Beach, FL.

Cacciatore has owned the site for about 15 years, says Diliberto CEO Frank Diliberto. The was once a parking lot, but the site was scraped in hopes of a new development, to capitalize on the popularity of the River City condos and Roosevelt Collection retail and apartments, both South Loop projects that once had great promise but gained few tenants. The River City project is locked up in lawsuits, and McCaffery is reportedly interested in buying the Roosevelt Collection site for half of its $350 million development costs.

Diliberto tells GlobeSt.com that the time just seems right to auction the 5-acre site, which is zoned to allow for a multitude of retail or multifamily uses. “Not every good parcel is developed,” he says. The site is offered for $8.4 million at a live, open outcry auction to be held June 3.

CHICAGO- DSW Shoe Warehouse Inc. has signed a lease for 26,000 square feet at the Sullivan Center on State Street in downtown Chicago. Joseph Freed and Associates LLC is the owner of the property. DSW will occupy 5,000 square feet of space on the first floor of the Sullivan Center just across from the main floor of the Target store announced earlier this year and 21,000 square feet on the lower level of the center. With the DSW lease, approximately 77% of the 195,000 square feet of retail space at the Sullivan Center is now under lease and over 82% of the 745,000 square feet of office space in the center is also under lease.

BUFFALO GROVE, IL-Jeff Cherner, SVP and managing director at NorthMarq Capital, arranged first mortgage financing in the amount of $15 million for 485 Half Day Rd. here. The property is a five-story suburban office building containing 132,581 square feet of office space with a two-level parking deck. Walgreen’s, Production Services and Ambius are major tenants at the property. Financing was based on a 10-year term and a 25-year amortization schedule and was arranged for the borrower, Millbrook IV LLC, by NorthMarq through its correspondent relationship with Advantus Capital Management.

CHICAGO-Web hosting provider Hostway Corp. will maintain its 52,660-square-foot global headquarters and colocation facility in the Boeing Building at 100 N. Riverside Dr. in the West Loop. Founded in 1998, the company provides cloud solutions, dedicated hosting, shared hosting, colocation, domain name registration, e-commerce solutions and other Web-based services to more than 1.4 million websites and 600,000 customers in Chicago and worldwide.

Jones Lang LaSalle Managing Director Matt Carolan negotiated the lease extension on behalf of the tenant.

 AURORA, IL-Liberty Property Trust has signed a new long-term lease with Caterpillar Logistics Services Inc., a wholly-owned subsidiary of Caterpillar Inc., for 251,151 square feet at 900 Bilter Rd. The execution of the lease with Caterpillar, in tandem with the recent lease agreement with Optimum Nutrition for 212,485 square feet of space, brings the warehouse and distribution center to 100% occupancy. The 463,636-square-foot industrial building is part of Liberty Business Center Aurora. Colliers International brokers Mark Bell, Jim Estus, and Jeff Kapcheck represented Liberty in the transaction. Traci Buckingham and Jonathan Rudersdorf with CB Richard Ellis represented the tenant.

DUBLIN, OH-Daymark Realty Advisors Inc. has secured a 63-month lease renewal totaling 33,967 square feet with Smiths Medical at 5200 Upper Metro here. Daymark manages the building, a three-story office building on behalf of individual owners. The tenant is a global supplier of innovative medical devices for the hospital, emergency, home, and specialist environments. “Smiths Medical has been a tenant at 5200 Upper Metro for the last six years and their renewal maintains the 89% occupancy rate at the property,” said Elizabeth Grossman, vice president, asset management for Daymark, in a statement. Chris Potts and Brett Cisler with Colliers International represented Daymark in the transaction. Paul Tingley with Jones Lang LaSalle represented the tenant.

ST. PAUL, MN- Jim’s Market, a local family owned and operated supermarket chain, is opening a 24,800-square-foot location in Doddway Center, located at the intersection of Smith Avenue South and Dodd Road. The property owner is Paster Enterprises, also based in the city. The new Jim’s Market will be the fourth location in the St. Paul area, and will take the place of current anchor tenant, R.C. Dick’s Foods.

BROOKLYN CENTER, MN-CB Richard Ellis has secured an $8.2 million loan for Brookdale Corner LLC’s refinance of the Brookdale Corner Shopping Center, at 3245 County Road 10 here. Doug Seylar, SVP, arranged the debt through Advantus Capital on behalf of Brookdale Corner LLC. Terms on the transaction included a sub-5.25% rate on a non-recourse fixed rate first mortgage with 20 years of amortization. The property is an 115,513-square-foot grocery anchored retail and office center. Tenants include Cub Foods, Caribou Coffee, Burger King, Fantastic Sams, Sprint, Subway and GNC.

CREVE COEUR, MO-Ramco-Gershenson Properties Trust has acquired Heritage Place, a 270,000-square-foot shopping center here. The property is anchored by a 74,721-square-foot Dierberg’s Supermarket. The 90.1%-leased shopping center also features tenants such as Marshalls, TJ Maxx, Office Depot and Petco.